John Fullerton: How Can We Curb Financial Speculation?

John Fullerton: How Can We Curb Financial Speculation?

The former JP Morgan director makes the case for "Robin Hood" taxes.

August 3, 2012

If each billion-dollar financial trade carried out by Wall Street incurred a cost, how quickly would someone would rein in the robots? That’s the logic behind creating a new financial transaction tax for US trading. When Laura Flanders spoke with John Fullerton, former JP Morgan director and hedge fund head, he cited market instability as his number one reason for endorsing a “Robin Hood” tax on financial transaction. Watch the full conversation at GRITtv.org.